Attempts Ren Caspian Sea Drinks is considering the purchase of a plum juicer - the PJX5. There is no planned increase in production. The PJX5 will reduce costs by squeezing more juice from each plum and doing so in a more efficient manner. Mr. Bensen gave Derek the following information. What is the IRR of the PJX5? a. The PJX5 will cost $1.97 million fully installed and has a 10 year life. It will be depreciated to a book value of $232,829.00 and sold for that amount in year 10. b. The Engineering Department spent $38,413.00 researching the various juicers. c. Portions of the plant floor have been redesigned to accommodate the juicer at a cost of $24,566.00 d. The PjX5 will reduce operating costs by $317,251.00 per year. e. CSD's marginal tax rate is 31.00%. 1. CSD is 70.00% equity-financed. g. CSD's 17.00-year, semi-annual pay, 5.97% coupon bond sells for $1,050.00 h. CSD's stock currently has a market value of $22.55 and Mr. Bensen believes the market estimates that dividends will grow at 2,85% forever. Next year's dividend is projected to be $1.69. Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. W accept decimal format rounded to 4 decimal places (ex: 0.0924)